2013 Budget (Approved) Update
- Fuel & labor costs continue a slow creep upward
- The parking lot is due for a seal coat & painting of yellow curbs
- The cluster’s laptop & Quickbooks software are obsolete & in need of replacement
- Based on resident feedback, the cluster will implement an electronic payment option for dues.
In 2011, residents approved the use of additional capital funds for the front entrance upgrade & tree/erosion work. A capital fund reduction of $11K was forecasted. If all holds, we should finish with about a $7K reduction, as we did not incur snow removal costs in 2012 & did not deem concrete work necessary.
The cluster’s 40 year old tree canopy continues to grow & encroach on homes, causing erosion issues & creating a threat to homes in bad weather. In fact, Hurricane Sandy resulted in 3 large trees & several large branches falling. Two homes were damaged. While the cluster has performed increased tree work in recent years & fared well in most storms, it has become apparent that the need remains & is increasing.
During 4 hours of recent budget meetings, the board reviewed anticipated ongoing capital needs for tree work & long-term parking lot maintenance. A consensus emerged to recommend a quarterly dues increase of $20 which will allow the cluster to address increased annual capital needs & manage our reserve fund for long-term parking lot maintenance.
These activities aim to maintain/increase our property values as well pride in our neighborhood. Despite the increase, Wheelwright will still have among the lowest dues in Reston & should allow us to avoid special assessments when unforeseen things arise.
Please email any feedback to [email protected]